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Forex Trading News On Forex Traders | Forexing24

Forex Trading News On Forex Traders | Forexing24

Forex Trading News On Forex Traders | Forexing24

Forex Trading News: CPI m/m

Currency NameNews Name     Actual   Forecast  Previous
CADCPI m/m???-0.1%0.2%
SourceLatest Release
MeasureChange in the price of goods and services purchased by consumers;
Usual EffectActual > Forecast = Good for currency;
FrequencyThis is the most important inflation-related release due to its earliness and broad scope. This is among the few non-seasonally adjusted numbers reported on the calendar, as it’s the calculation most commonly reported;
Why Trade CareConsumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived ViaThe average price of various goods and services are sampled and then compared to the previous sampling;

Core Durable Goods Orders m/m

Currency NameNews Name     Actual   Forecast  Previous
USDCore Durable Goods Orders m/m???0.2%0.8%
SourceLatest Release
MeasureChange in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 26 days after the month ends;
Why Trade CareIt’s a leading indicator of production – rising purchase orders signal that manufacturers will increase activity as they work to fill the orders;
FF NotesOrders for aircraft are volatile and can severely distort the underlying trend. The Core data is therefore thought to be a better gauge of purchase order trends;

Unemployment Claims

Currency NameNews Name     Actual   Forecast  Previous
Unemployment Claims
SourceLatest Release
MeasureThe number of individuals who filed for unemployment insurance for the first time during the past week;
Usual EffectActual < Forecast = Good for currency;
Frequency
Why Trade CareAlthough it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country’s monetary policy;
Derived ViaThis is the nation’s earliest economic data. The market impact fluctuates from week to week – there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes;

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